In today's economic climate, the U.S. Small Business Administration (SBA) loan programs continue to be one of the primary outlets for credit unions and other lending institutions to provide capital to their small-business members and, at the same time, secure a 50% to 85% loan guaranty from the federal government. While the program can be quite profitable, it is not without risks. Compliance with SBA regulations is mandatory to ensure success and profitability. Due to numerous changes over the last year, it is critical to understand the new rules and current interpretations of regulations in order to make the SBA loan programs work for you.

HIGHLIGHTS

Eligible uses of loan proceeds in EPC/OC transactions

Change of ownership – stock purchases/redemptions

Key technical issues

Allowable legal fees

Allowable fees for packaging and other services

Debt refinancing

CAPLines

Post-approval loan modifications

Changes to Small Loan Advantage Program

TAKE-AWAY TOOLKIT

Links to key information on the SBA website, including the most-recent version of the SOP 50 10, SBA forms, and SBA policy notices

WHO SHOULD ATTEND?

This informative session is designed for business development officers, loan closers, loan portfolio managers, loan administrators, SBA lending department managers, and other personnel responsible for origination, closing, and servicing SBA loans.

Attendance verification for CE credits provided upon request.

Please note: The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone.

Kimberly Rayer is a partner in the law firm Starfield & Smith, PC, where her practice concentrates on financial services, commercial contracts, and corporate law. Kimberly has extensive experience representing financial institutions and companies in connection with government guaranteed lending, commercial financing, and other secured transactions. She is admitted to practice before the Supreme Courts of Pennsylvania and New Jersey and the Federal District Court for the Eastern District of Pennsylvania. In addition, she is a member of the American Bar Association and the National Association of Government Guaranteed Lenders (NAGGL) and was named as a Pennsylvania “Rising Star” by Philadelphia Magazine in 2010. She received a BS from Drexel University and a JD from the James E. Beasley School of Law, Temple University.

Janet Dery is a partner in the law firm of Starfield & Smith, PC. She has extensive experience representing financial institutions and companies in connection with government-guaranteed lending, commercial lending, real estate, business acquisitions, and corporate law. Janet is admitted to practice in Pennsylvania and New Jersey and is qualified as a designated closing attorney under the US Small Business Administration’s 504 loan program. In addition, she is a member of the American Bar Association, the National Association of Government Guaranteed Lenders (NAGGL), and the National Association of Development Companies (NADCO). From 2007-2008 and 2010-2012, Janet was named a Pennsylvania “Rising Star” by Philadelphia Magazine. She earned her Bachelor’s from The State University of New York in Oneonta and a JD from Widener University School of Law in Wilmington, DE.

THREE REGISTRATION OPTIONS

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

1. LIVE WEBINAR

The live webinar option allows you to have one telephone connection for the audio portion and one Internet connection (from a single computer terminal) to view online visuals as the presentation is delivered. You may have as many people as you like listen from your office speaker phone. Registrants receive a toll-free number and pass code that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, PIN number, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com.

Convenient!

Listen to the
archived webinar on your

iPad

iPhone

Android

Instructions will be emailed with the archived webinar link.

2. ARCHIVED WEBINAR & FREE CD ROM*

Can’t attend the live webinar? The archived webinar is a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address so you may ask follow-up questions. Approximately one week prior to the webinar, you will receive an email with the archived webinar link. This webinar link can be viewed anytime 24/7, beginning 6 business days after the webinar and will expire 6 months after the live program date.

As an added bonus, you will also receive a FREE audio/visual CD ROM.* The CD ROM includes the original audio/visual presentation, the question and answer sessions, and the handouts. Use the archived webinar or this “off-the-shelf” training program for those that could not attend the live seminar and for future training.

The archived webinar (including the free CD ROM) may ONLY be ordered for 6 months following the webinar. Neither will be available after this time.